National Scientific Conference 2024: "Green Finance for Sustainable Economic Development in Vietnam"

Green finance plays an essential role in helping countries achieve their sustainable development goals. It offers numerous benefits to individuals and businesses, such as promoting the adoption of eco-friendly technologies and infrastructure development, creating comparative advantages, and enhancing economic prospects. To accelerate the journey toward greening the economy, green finance is an important method that nations worldwide are prioritizing. In Vietnam, green finance is a necessary approach for implementing the green growth strategy, sustainable development, and climate change adaptation. Initial positive results have already been achieved, but the process of developing green finance also presents some challenges and limitations that need to be addressed through integrated solutions.

Recognizing the importance of green finance for sustainable economic development, on September 26, 2024, UFBA organized the National Scientific Conference 2024 with the theme: "Green Finance for Sustainable Economic Development in Vietnam." The conference served as a forum for scientists, economic managers, and businesses to exchange and discuss issues related to green finance and sustainable economic development. The event aimed to provide scientific and practical arguments, as well as solutions and recommendations for government agencies, organizations, businesses, and individuals on how to improve and apply mechanisms and policies to promote green finance in alignment with sustainable economic growth in Vietnam.

The conference also provided an opportunity for scientists, faculty members, and students at the university to engage with theoretical and practical issues surrounding green finance and its role in sustainable economic development in Vietnam. This aligns with the university's goal of connecting theory and practice in its training objectives.

View of the 2024 National Scientific Conference: "Green Finance for Sustainable Economic Development in Vietnam"

The Conference Steering Committee includes:

Dr. Nguyen Thi Bich Diep – UFBA Vice President

Asso. Prof. Dr. Do Duc Minh - Senior Lecturer, University of Finance and Business Administration

Dr. Truong Thi Duc Giang - Deputy Head of Finance - Banking Faculty, University of Finance and Business Administration

The Conference Steering Committee

The Conference was attended by Ass. Prof. Dr. Nguyen Thi Mui – Former Member of the National Monetary Policy Advisory Council, Former Director of the Institute of Finance Research, Ministry of Finance, Dr. Le Xuan Sang – Deputy Director of the Institute of Economics, Vietnam Academy of Social Sciences, Ms. Nguyen Thai Kieu Ngan – Deputy Director of the Department of Science and Technology, Hung Yen Province, Ms. Ngo Thi Lan Phuong – Head of the Financial Institutions Department, Department of Financial Services for Banks and Financial Organizations, Ministry of Finance, and leaders from several branches of commercial banks and businesses in Hung Yen Province.

Attendees from UFBA includesd Distinguished Teacher. Dr. Nguyen Trong Nghia – Party Committee Secretary and UFBA President, Dr. Le Tuan Hiep – Chairman of the University Council, along with a large number of scientists, faculty members, researchers, and students from the university.

Distinguished Teacher. Dr. Nguyen Trong Nghia, Party Committee Secretary and UFBA President, delivering the opening speech at the 2024 National Scientific Conference.

The conference attracted a large number of scientists from universities, academies, and research institutes across the country. The organizing committee received over 70 submissions and selected and edited 56 high-quality papers to be published in the conference proceedings. The papers focused on the following key topics:

Theoretical and Practical Issues of Green Finance: These included definitions, the role of green finance, factors influencing its implementation, tools and policy mechanisms for green finance, opportunities, challenges, and issues related to the adoption of green finance in the current context, as well as international experiences in implementing green finance.

Theoretical and Practical Issues of Sustainable Economic Development: Topics covered included definitions, the role of sustainable economic development, influencing factors, opportunities, challenges, and issues related to sustainable economic development in the current context, along with international experiences in promoting sustainable economic development.

Specific Implementation of Party's Guidelines and Policies on Green Finance Linked to Sustainable Economic Development: This focused on aligning green finance development with the nation’s sustainable economic growth policies as laid out by the Party.

Assessment of the Current Status of Green Finance Implementation and Solutions for Its Development: Papers discussed the current challenges and proposed solutions for advancing green finance practices in Vietnam.

Impact of State Policies and Mechanisms on the Development of Green Finance in Vietnam and Solutions for Policy Improvement: This section focused on evaluating how the government's policies and mechanisms impact green finance development, with recommendations for enhancing policies and mechanisms related to green finance and its integration with sustainable economic development goals.

Dr. Nguyen Thi Cam Thuy, Deputy Head of Accounting and Auditing Faculty, presenting the paper titled "Environmental Pollution Issues and Green Finance in Vietnam" at the conference.

MA. Nguyen Thuy Hang, Lecturer from Finance and Banking Faculty, presenting her paper titled "Green Bonds – A Financing Channel for Sustainable Development in Vietnam" at the conference.

Asso.Prof. Dr. Nguyen Dac Hung, Hung Yen University of Technical Education, presenting his paper titled "Some Perspectives on the Development of Green Credit for the Economy" at the conference.

The conference also provided several recommendations and solutions for improving green finance to support sustainable economic development in Vietnam.

Ass. Prof. Dr. Nguyen Thi Mui – Former Member of the National Monetary Policy Advisory Council, Former Director of the Institute of Finance Research, Ministry of Finance

Dr. Le Xuan Sang, Vice Director of the Institute of Economics at the Vietnam Academy of Social Sciences, delivering remarks.

Mr. Hoang Dinh Doan, Deputy Director of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) – Hung Yen Branch, delivering a speech.

Mr. Nguyen Duc Thang, Director of Thang Long 2 Industrial Park, delivering a speech

Mr. Cao Tuan Nghia, Representative of Logitem Vietnam Co., Ltd, delivering a speech

Through the conference, the Organizing Committee received numerous contributions and exchanges from delegates regarding the topic of Green Finance for Sustainable Economic Development in Vietnam. The proposals made by the scholars could serve as valuable arguments for relevant authorities to refer to and use in the policy-making process in the near future.

The conference was successfully concluded.